First Business Correlations
| FBIZ Stock | USD 48.32 0.74 1.51% |
The current 90-days correlation between First Business Financial and Parke Bancorp is 0.71 (i.e., Poor diversification). The correlation of First Business is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.
First Business Correlation With Market
Very weak diversification
The correlation between First Business Financial and DJI is 0.48 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding First Business Financial and DJI in the same portfolio, assuming nothing else is changed.
First |
Moving together with First Stock
| 0.69 | NU | Nu Holdings | PairCorr |
| 0.67 | WF | Woori Financial Group | PairCorr |
| 0.72 | TFC-PI | Truist Financial | PairCorr |
| 0.69 | TFC-PO | Truist Financial | PairCorr |
| 0.61 | TFC-PR | Truist Financial | PairCorr |
| 0.86 | EBTC | Enterprise Bancorp | PairCorr |
| 0.86 | EFSC | Enterprise Financial | PairCorr |
| 0.63 | WASH | Washington Trust Bancorp | PairCorr |
| 0.72 | BANC-PF | Banc of California | PairCorr |
| 0.86 | ESSA | ESSA Bancorp | PairCorr |
| 0.62 | WSBCP | WesBanco | PairCorr |
| 0.8 | WNEB | Western New England | PairCorr |
Moving against First Stock
| 0.48 | EFSI | Eagle Financial Services | PairCorr |
| 0.38 | WAFDP | Washington Federal | PairCorr |
| 0.33 | WAFD | Washington Federal | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Correlation Matchups
Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.High positive correlations
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between First Stock performing well and First Business Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze First Business' multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| CULL | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| HMNF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| HFBL | 1.62 | 0.12 | 0.04 | 0.38 | 2.08 | 5.67 | 13.32 | |||
| HVBC | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| LSBK | 1.68 | 0.30 | 0.13 | 0.54 | 1.67 | 3.62 | 21.68 | |||
| OFED | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| CIZN | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| OPOF | 1.04 | 0.28 | 0.16 | 0.93 | 1.18 | 2.16 | 10.44 | |||
| PKBK | 1.17 | (0.24) | 0.00 | (0.33) | 0.00 | 1.90 | 4.84 | |||
| LNKB | 1.48 | (0.14) | 0.00 | (0.13) | 0.00 | 3.37 | 8.31 |
First Business Corporate Management
| Bradley Quade | Executive Officer | Profile | |
| Bill Elliott | LLC Finance | Profile | |
| Daniel Ovokaitys | Chief Officer | Profile | |
| Barbara JD | G Counsel | Profile | |
| Theresa Wiese | Managing Management | Profile |